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Bonk Eco continues to show strength amid $USELESS rally
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Pump.fun to raise $1B token sale, traders speculating on airdrop
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Boop.Fun leading the way with a new launchpad on Solana.
1. Everyone and their mom launches an ETH treasury company.
2. Every treasuryco buys ETH.
3. ETH jams higher.
4. A high profile ETHco offering bellyflops.
ETH has a 15% dd that’s way out of whack with other coins, QQQ
5. Now a bunch of new ETHcos are trading at 10%+ discounts to mNAV.
6. All of them sell ETH to “arbitrage their mNAV”
7. ETH craters another 20% as bid-side liquidity evaporates.
8. Oops, now our discount to mNAV is an even bigger arb opp! Let’s sell more of our ETH!
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